Canada-based FxReports.net is one of the new players in the forex trading scene having been established only recently in July 2007.
The site offers a trial subscription $4.95 for 15 days and provides a demo account. The demo account is at no cost to subscriber but provides firsthand experience on professional trades. A demo account works the same way a real account does except that no real money is involved. The subscriber gets a feel of the transactions in the forex market.
A paying user is also granted access to the sites training resources and video vault.
The sites premium product, however, is the Excalibur V 2.25, a forex trading software. Excalibur, which Fxreports calls The Automated Managed Account Trading System, boasts of a constant profit factor between 100 plus pips a month.
FXReports claims Excalibur is fully automated forex software that trades on all currencies and on both US and European markets. The software places trade orders automatically and modifies trades on the fly to increase profits. Trades are also closed instantly. The program runs on accounts with as little as $1,000.00 USD. Other features of Excalibur include: consistency in over 75 % profitable trades, over 40,000 hours of continued testing, a database that is updated daily, and its capability to manage trade lots sizes according to the current balance.
